The Murugappa Group firm reported a web lack of Rs 1.09 crore through the corresponding quarter final yr.
For the yr ending March 31, 2021 the standalone earnings grew to Rs 12.91 crore from Rs 9.34 crore registered final yr.
The total income on a standalone foundation went upto Rs 42.89 crore from Rs 23.64 crore recorded in the identical quarter final monetary yr.
The standalone whole earnings marginally slipped to Rs 127.07 crore from Rs 130.94 crore registered final yr.
In a press release, the corporate stated the home gross sales through the yr (ending March 31, 2021) had been Rs 86.22 crore greater by seven per cent than the earlier yr.
“This was on account of upper gross sales to person industries like auto ancillaries, refractories and glass,” the corporate stated.
Exports through the interval declined by 18 per cent through the yr at Rs 32.78 crore primarily on account of decrease demand due to lockdowns imposed as a result of second wave of COVID-19 pandemic reported within the United Kingdom, america and European nations.
On the efficiency of Wendt Grinding Applied sciences Ltd., Thailand, its subsidiary, the corporate achieved gross sales of Rs 18.30 crore through the monetary yr ending March 31, 2021 with a revenue after tax at Rs 2.42 crore.
The subsidiary in Sharjah clocked gross sales of Rs 2.70 crore through the yr with the revenue after tax at Rs 11 lakh.
Wendt India stated it has commenced voluntary deregistration of Wendt Center-East in view of the difficult enterprise circumstances and future viability of worthwhile operations within the Center-East.
The method was anticipated to be accomplished within the subsequent few months, Wendt India stated.
The Board of Directors, which met right this moment, advisable a dividend of Rs 20 per share (200 per cent on face worth of fairness shares of Rs 10 every) out of the present yr’s earnings.
The fee of dividend was topic to the approval of shareholders through the annual common assembly scheduled to be held in July, Wendt India stated.